IanDrake

53 ms·

451.
by IanDrake 9y ago
@aninhumer I guess "making" money and income are somehow different in your book. You're sighting a lot of conventional wisdom that I've heard before. You won't find many success stories that followed your advise. I
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by IanDrake 9y ago
Wait, I thought it was still 2017. 2020 already happened?
453.
by IanDrake 9y ago
Ok, let's see where this leads. How did the "ruling class" get their money and what is their means of obtaining more in the future? I certainly want in on it.
454.
by IanDrake 9y ago
I'm not really sure how else to explain it to you. If you were given 25 million right now what would you do? Your initial claim was you could put it in the SP500 and "make an average of 2 million per year (8%) without doing anythi
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by IanDrake 9y ago
@aninhumer, I can't reply to your thread, but I feel like people just don't get what I'm saying. Perhaps you could live off 25 million with a drawdown of 1%. That's 250K. So you live like that's your salary. But the
456.
by IanDrake 9y ago
The inheritors you speak of aren't making money with money, they are spending money and will have none when they're done. I don't think I ever claimed that wasn't easy. >"Perma-bull stock market". Uhg. If i
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by IanDrake 9y ago
But now I have 25 million and I've heard: - Dump it into the SP500 - Dump it into CDs - Give it to a money manager and hope for the best. If it doesn't work out at least you can blame him/her. Who's advise to take? It&#x
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by IanDrake 9y ago
Sorry, how does one invest in the SP500 with "no work" without using an index fund? I need to draw 2 million a year because my Porsche, Hummer, NetJets subscription, mansion and constant vacations are expensive and you said I&#x27
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by IanDrake 9y ago
"70 percent of people who come into sudden money are broke within a few years, according to the National Endowment for Financial Education." Now do we get to argue over the source? Does it somehow not fit your world view that mana
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by IanDrake 9y ago
No, but they are a good example because they are usually not accustom to wealth and thus more likely to believe (like the OP) that wealthy people just sit on a pile of cash and buy exotic sports cars while doing hookers and blow 24/7.
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by IanDrake 9y ago
You're not factoring in market timing and drawdowns. Average is great if you're living 10 lives at 10 different moments in history, but we only get one. Put 25 million in the S&P 500 (qqq) in March of 2000 and draw 2 million
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by IanDrake 9y ago
I must not have made my point well. Sure, you could do that and maybe you would. However, most people who didn't earn their money don't. Most of those same people think the rich "do nothing" and make money. It's t
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by IanDrake 9y ago
Exactly. The demand for labor and the demand for the US dollar could be balancing labor costs.
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by IanDrake 9y ago
So if you were given 25 million dollars you would automagically make obscene amounts of money with no effort? History shows otherwise with a very high rate of bankruptcies from lottery winners.
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by IanDrake 9y ago
You can write android apps in c# or JavaScript too. I'm not sure if you consider them "supported" but they both have pretty advanced tooling for the purpose.
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by IanDrake 9y ago
Perhaps. But I would argue that the media plays a large part in undermining any movement they don't like. They get to pick the person who they hand the microphone to and they will pick the craziest bat-shit insane person for that role
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by IanDrake 9y ago
It's really not. Some people do feel this way and pointing it out isn't vitriol. The worst thing that can happen to a cause is some crazy jackass being held up by the media as the spokesperson. I was on board for the tea party unt
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by IanDrake 9y ago
I think I exempted the exact scenario you mentioned. Windows, like Linux, is a great OS, IF you know what you're doing and a terrible OS IF you don't. My point is, hardware matters and abstracting it has real cost in terms of con
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by IanDrake 9y ago
>Unlike flying cars, tunnels are weatherproof, out of sight and won't fall on your head. Anyone from Boston can tell you that's not true. I don't think this sort of hyperbole helps the case for tunneling.
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by IanDrake 9y ago
I think there might be an advantage to either being older or perhaps being more experienced, I'm not sure which. I find people my age automatically go for renting equipment vs the cloud. I've never understood the advantages of th
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by IanDrake 9y ago
Yeah, you're missing the greater economy that surrounds your microcosm. Skill is not in abundance. People pay for skill and people with skill can demand pay. People without skill have little value to offer. Is it better to price their
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by IanDrake 9y ago
It seems to be a civil matter so far. The problem is, you'll never get to establish a sale price if the seller thinks his house is worth 100k over market or a buyer thinks the seller is asking 100k over market because that's what
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by IanDrake 9y ago
The realtors I talk to hate the Zillow estimate as it typically creates an unrealistic expectation for either the seller or buyer depending on if the algorithm over or under estimates. Apparently it's rarely correct, though I live in a
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by IanDrake 9y ago
Agreed. Selling a product vs selling time are two different things.
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by IanDrake 9y ago
Double dipping is the wrong phrase here. Having two jobs or two gigs is not double dipping. Double dipping is typically a form of cheating by getting paid 2x for 1x amount of work. Say I was being paid to create a website for two clients an
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by IanDrake 9y ago
I've previewed all these frameworks. Vue is probably the easiest to get started with and has the nicest binding model IMO. Angular, which I ended up with, has a big learning curve, but was a good match for building large enterprise web
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by IanDrake 9y ago
Learning a historical language is now overtly racist?
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by IanDrake 10y ago
I've only previewed vue at this point so I can only say this about why it's "better": preference. When I looked at vue2 I saw a lot of the same features as angular2 except the binding syntax looks better to my eyes and w
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by IanDrake 10y ago
I call bullshit. It's physics, not racism. Darker colors absorb more light and reflect less. In a photo the contrast is difficult to bring out with darker subjects. I know this because I had a black dog and all her pictures came out li
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by IanDrake 10y ago
If they get more rain then yes climate change is to blame. If they get more drought then no because global warming is to blame.

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